Choice Hotels Picks New CEO
ByThe soon-to-be-vacated top position at Choice Hotels International Inc. has been filled. The hotel company’s board has appointed Patrick Pacious, currently president & COO with Choice, to the position of CEO. He’ll take the reins from Stephen Joyce, who will step down at the end of 2017. Pacious will continue to hold the role of president, while the replacement for the COO position has yet to be determined.
The selection of the new CEO was a years-long process for Choice; the company engaged in a careful succession planning program that ultimately led to Pacious. “When Steve joined Choice as CEO, he was immediately impressed with Pat’s strengths and talents, and by enhancing Pat’s roles over the years, Steve ensured that Pat is the clear choice to succeed him,”Stewart Bainum Jr., chairman of Choice Hotels’ board, said in prepared statement…